ASX ALL: Aristocrat pops as pokies giant takes share in lucrative US market

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.

Already a subscriber?Aristocrat chief executive Trevor Croker says the gaming machine manufacturer can continue to take share from its rivals in North America after revealing it now controls more than 40 per cent of the lucrative market.

“We’ve got high-performing products, investment in hardware and games, we’ve got great licences, and we’ve got really strong partnerships with our customers and execution.”Aristocrat said it had installed games into 3200 units in North America, with ambitions to nearly double that before the end of the year.

The inquiry has led to a long list of senior executive departures and the casino group is facing the prospect of permanently losing its licence to run its Sydney precinct.“They haven’t been a proactive or an active customer with us for a couple of years, given what’s been going on there,” he said.Aristocrat posted a net profit of $723.3 million for the half-year, a 16.8 per cent increase and earnings before interest, tax, depreciation and amortisation was up 18 per cent to $1.2 billion.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX 200 LIVE: ASX gains; Aristocrat jumps, $A tops 67¢ on US rate cut betsUnemployment rises by 30,000 in April, economy adds 38,500 jobs on surging immigration. Gold miners, tech boost shares. Bond yields retreat. $A top 67¢. Copper, bitcoin rally. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX gains; Aristocrat jumps, $A tops 67¢ on US rate cut betsUnemployment rises by 30,000 in April, economy adds 38,500 jobs on surging immigration. Gold miners, tech boost shares. Bond yields retreat. $A top 67¢. Copper, bitcoin rally. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX gains; Aristocrat jumps, $A tops 67¢ on US rate cut betsUnemployment rises by 30,000 in April, economy adds 38,500 jobs on surging immigration. Gold miners, tech boost shares. Bond yields retreat. $A top 67¢. Copper, bitcoin rally. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX gains; Aristocrat jumps, $A tops 67¢ on US rate cut betsUnemployment rises by 30,000 in April, economy adds 38,500 jobs on surging immigration. Gold miners, tech boost shares. Bond yields retreat. $A top 67¢. Copper, bitcoin rally. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »

KGN ASX: ASX queries Kogan executive options sale ahead of share plungeThe online retailer, in response to questions from the market operator, said it did not think a poor sales update that sent its stock tumbling was material.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX to drop, Dow tops 40,000 for first timeAustralian shares to open lower. US equities close modestly lower. Gold slips, oil edges up, iron ore rises. Bitcoin steady. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »